UPDATE TO THE STATEMENT DATED 18.11.2022 Solway Investment Group (“SIG”) launches an independent investigation of alleged corruption reportedly committed by its two subsidiaries CGN and Pronico in Guatemala. Solway Investment Group, a Swiss company with mining interests around the world, has retained United States law firms...
In response to the recent statement by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) on sanctions targeting alleged Russian involvement in Guatemala’s mining sector, Solway Investment Group would like to declare the following: Solway Investment Group ("Solway"), a Swiss family-owned company,...
As the next step in introducing measures identified in Solway’s recently announced ESG implementation plan, the Group adopts grievance mechanisms to enable affected and potentially affected parties, amongst the companies and projects in which Solway invests, to express their concerns and grievances, including those related to human rights. The procedure...
Ukraine’s major ferronickel producer Pobuzhsky Ferronickel Plant has been forced to halt operations after its energy supply system was dramatically affected by damages to the local power grid caused by Russian airstrikes. November 1, 2022. Pobuzhkoe, Ukraine. As of November 01, 2022, the ferronickel producer Pobuzhsky...
In continuation of introducing measures identified in the Group’s recently announced ESG implementation plan, this month Solway started a new project aimed at promoting human rights due diligence initiatives, including identifying business-specific human rights issues, planning corrective actions, applying human rights principles in the Group’s day-to-day operations, conducting regular monitoring and the...
On the day of the 58th anniversary of the National Press Union of Liberia, Solway Investment Group joined 300 journalists in discussing the role of media and public information literacy in creating peaceful, prosperous, just, and inclusive societies. September 30, 2022. Monrovia, Liberia. By supporting the...
The company commits to carry out and communicate annual Human Rights Impact Assessments September 19, 2022. Zug, Switzerland. Solway is addressing the high importance of producing and marketing products in a responsible and environmentally friendly manner by introducing the new corporate Human Rights Policy (https://solwaygroup.com/sustainability-polices/) identifying standards,...
By mutual agreement, the Salzburg Festival’s sponsoring partnership with Solway Investment Group has been terminated with immediate effect. The Solway Investment Group supports the youth programme of the Salzburg Festival as one of three project sponsors. As part of this cooperation, the project “Creative Fellowship”...
In response to concerns from other stakeholders, Solway Investment Group communicates conclusions out of the Group’s governance and ESG assessment. Solway Group recognizes the importance of producing and marketing products in a responsible and environmentally friendly manner. We are aware of the increasing environmental and social...
Solway has been cooperating with Outokumpu on this assessment from the start and continues to do so. We are currently in the process of analysing the findings and recommendations of the assessment report. We will address Outokumpu's findings and recommendations within the board led independent investigation announced on 15.03.2022. Once...
